Quadrature Capital Ltd Makes New $107,000 Investment in GDS Holdings Limited (NASDAQ:GDS)

Quadrature Capital Ltd purchased a new position in shares of GDS Holdings Limited (NASDAQ:GDS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,682 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in GDS by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after acquiring an additional 1,123 shares during the period. Wellington Management Group LLP lifted its holdings in shares of GDS by 26.2% during the third quarter. Wellington Management Group LLP now owns 169,964 shares of the company’s stock worth $1,861,000 after purchasing an additional 35,298 shares during the period. Pacer Advisors Inc. purchased a new stake in GDS in the fourth quarter valued at approximately $6,952,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in GDS by 43.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after buying an additional 52,747 shares during the period. Finally, Cerity Partners LLC purchased a new position in GDS during the 4th quarter worth approximately $13,928,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Down 1.4 %

Shares of GDS stock opened at $9.29 on Friday. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $14.24. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $1.77 billion, a P/E ratio of -2.89 and a beta of 0.24. The firm has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $7.57.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $363.89 million for the quarter, compared to analysts’ expectations of $366.92 million. GDS had a negative net margin of 41.33% and a negative return on equity of 8.70%. As a group, equities analysts predict that GDS Holdings Limited will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GDS shares. JPMorgan Chase & Co. cut their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. StockNews.com upgraded GDS to a “sell” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GDS presently has an average rating of “Hold” and a consensus target price of $12.58.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.